Posted by dodgerdog on 22nd of Dec 2008 at 09:11 pm
Chris - that was a very clear and concise EW summary - there are
even more ways to count this decline but the key thing to remember
is that lower prices are expected under any scenario over time.
Posted by junkmaylbox on 22nd of Dec 2008 at 08:41 pm
I don't know if the arguments like that actually matter assuming
that they could be resolved now. They will be resolved later, which
unfortunately is of no assistance for trading _now_.
My hunch tells me that ravun's interpretation of double top at
918 is probably correct, if the market does not break it this month
(which I am fairly certain of). I reckon positioning shorts close
to that would be a low-risk trade.
cspirit, Thank you for posting major support and resistance
levels in other posting. Good luck!
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Elliott Wave
Posted by cspirit on 22nd of Dec 2008 at 07:41 pm
Interesting Link and discussion on current Elliott - 4th Wave
http://blog.afraidtotrade.com/which-elliott-4th-wave-are-we-in-currently/
Chris - that was a
Posted by dodgerdog on 22nd of Dec 2008 at 09:11 pm
Chris - that was a very clear and concise EW summary - there are even more ways to count this decline but the key thing to remember is that lower prices are expected under any scenario over time.
Yup .. The money question
Posted by cspirit on 22nd of Dec 2008 at 09:41 pm
Yup .. The money question is where does that Wave 4 TOP
I don't know if the
Posted by junkmaylbox on 22nd of Dec 2008 at 08:41 pm
I don't know if the arguments like that actually matter assuming that they could be resolved now. They will be resolved later, which unfortunately is of no assistance for trading _now_.
My hunch tells me that ravun's interpretation of double top at 918 is probably correct, if the market does not break it this month (which I am fairly certain of). I reckon positioning shorts close to that would be a low-risk trade.
cspirit, Thank you for posting major support and resistance levels in other posting. Good luck!